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, there's an energy boom under way in the united states right now. fueled by hydraulic fracturing and by more drilling for oil. natural gas is currently cheap, abundant and increasingly used not just as a fuel source direct to home and businesses, but as a source for electricity generation. as for oil, you don't need me to explain the value of producing it. it's not about cars and homes, more domestically produced energy will help fuel a resurgence in u.s. manufactured goods, combined cheap and abundant electricity with costs in china and other countries and shipping costs and you make made in america more attractive to americans and to buyers abroad and that's good for u.s. jobs. finally, housing is already making a comeback. it started to turn around in 2012 with existing home sales rising for the first time in years. construction is starting to pick up. historically low interest rates averaging below 4% for a 30-year fixed mortgage will fuel a rebound next year. a house will be the most important asset for most americans. a rebound there makes americans feel better about their
explain. first, there is an energy boom under way in the united states right now. fueled by the joint forces of hydraulic fracturing or fracking of natural gas out of shale and buy mo by more drilling for oil. natural gas is increasingly cheap and abundant and not only used for gas in homes and businesses but for the manufacturing generation. it's not just about cars and homes, more domestically pro du duced energy will provide fuel in manufacturing goods. combine them with rising costs in china and other countries and already high shipping costs, and you make made in america products more attractive to people abroad, and that's good. home sales rising for the first time in years. construction is start to go pick up. and historically low interest rates now averaging below 30% for a 30-year fixed mortgage will only fuel a rebound next year. and remember, a house will still be the most important asset for most americans, so a rebound there helps americans feel better about their financial situation and ready to spend a bit of money. stephen moore is a senior economics writer at the wall
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